Keith Kalyegira, the CEO of the CMA
Uganda’s Capital Markets Authority (CMA) will participate in the fifth World Investor Week (WIW) 2021 taking place from 4th to 10th October 2021 that aims at enhancing investor awareness of capital markets and protection of their investments.
The key messages for the fifth International Organization of Securities Commissions (IOSCO) WIW campaign in 2021 will be based on two themes: 1) sustainable finance and 2) frauds and scams prevention. The WIW is a week-long global campaign, to raise awareness of the importance of investor education and protection and to highlight the various initiatives of securities regulators in these two critical areas.
During the 2021 WIW, CMA will utilize technology by holding five webinars from Monday, 4th October 2021 to Friday, 8th October 2021. The CMA will collaborate with approved market intermediaries and the CFA Society East Africa to deepen awareness. There will be a tweeterth on where real time responses will be provided to investor queries. This will enhance investor awareness and protection. In addition, the CMA will participate in a bell ringing ceremony and press conference.
Keith Kalyegira, the CEO of the CMA said: “The WIW is an important calendar event in the global securities market industry and therefore plays a significant role in CMA’s financial education efforts. It is also an opportunity to focus the public’s attention to the benefits, processes and relevance of investing in financial instruments’ Due to Covid-19 related Standard Operating Procedures, the CMA is unable to hold its annual physical exhibitions. However, this is where technology-driven initiatives have emerged as key delivery channels for financial education to enable investors make informed investment decisions and earn a return on their investment in the capital markets, in spite of the prevailing environment of uncertainty. Additionally, the current environment has led to a spike in the number of cases of fraud hence the need to educate the public in order to protect their hard earned resources.”
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